DB deficit worsens to £173bn

The deficit stood at £158.1bn at the end of July. Scheme funding is worse than it was a year ago when there was a deficit of £39.3bn in August 2008. The total deficit of schemes in deficit in August is estimated to have worsened to £194.6bn from £179bn at the end of July. In August last year, the aggregate deficit of all schemes in deficit stood at £92.7bn. In August this year, the total surpluses of schemes in surplus increased to £21.4bn from £20.9bn at the end of July 2009. Last month, the total surplus of all schemes in surplus stood at £53.4bn. The number of schemes in d...